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Equinor Aims to Enter the National Gas Market

Written by Paulo Nogueira
Published on 18/06/2019 at 01:00
Updated on 18/06/2019 at 07:25
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The Development of Equinor’s Natural Gas Exploration and Production Projects in Brazil Should Prioritize the Supply of the Domestic Energy Market.

The Norwegian company is studying the installation of an FPSO for the production of gas and condensate in the exploratory block BM-C-33, where the Pão de Açúcar discovery is located, in deep waters of the Campos Basin. The company’s initial studies indicate a production unit with the capacity to produce between 16 and 20 million m³/day of natural gas, with 8 to 12 risers. The first gas could be produced, depending on other factors, starting in 2026.

Equinor estimates that it will produce between 300,000 and 500,000 barrels per day of oil and gas in Brazil by 2030. Currently, Equinor produces around 110,000 barrels/day in Brazil, through the operation of the Peregrino field, where it fully owns the asset, and the 25% stake in Roncador, acquired from Petrobras in 2018 – Roncador produces about 200,000 barrels/day.

The company is also licensing two FPSO-type platforms to produce oil and gas in Carcará, in the pre-salt of the Santos Basin. The first production unit, with a capacity for 220,000 barrels per day of oil and 15 million m³/day of natural gas, will be the largest in the country and is expected to start operations in July 2024.

The second platform, which may represent a second phase of development for Carcará, is still under study by the consortium led by Equinor.

Gas-to-Power Can Anchor Gas Production

Gas-to-power projects could be a new anchor for the development of natural gas production projects in the country, estimates Thiago Teixeira, the deputy superintendent of Oil at the Energy Research Company (EPE).

The EPE superintendent demonstrated that the development of natural gas production in the pre-salt will require additional infrastructure with the creation of new routes for the flow of natural gas. He also warned that energy demand auctions will need to be reconciled with the investment decision-making processes of Brazilian upstream.

Teixeira also pointed out that it makes sense to place natural gas power generation projects at the base of the country’s generation. He cited the Marlim Azul project by Shell. The plant was the first winning project of the Brazilian pre-salt gas energy auctions. The plant will begin operations in 2022, also providing additional energy to be sold on the free market.

Eneva is a pioneer of the model in the country, with the energy generation project using onshore gas produced in the Parnaíba Basin, in Maranhão. Now, the company will replicate the model with the Jaguatirica II thermal plant, with a capacity of 117 MW, winner of the 1st auction for isolated systems. The project will generate energy for Roraima from the natural gas produced in the Azulão field, in the Amazonas Basin. The investment in the project is estimated at R$ 1.8 billion. By – epbr

Extension of contracts approved by ANP will generate US$ 18 billion in investments

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Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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